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Overview. Yemen has long been one of the poorest countries in the Middle East and North Africa (MENA) and is facing one of the world’s worst humanitarian crises. The conflict that started in 2014 has inflicted massive economic and social costs on the country and its people. From 2015 to 2022, the country experienced a staggering 52 percent ...
Overview. Around 700 million people live on less than $2.15 per day, the extreme poverty line. Extreme poverty remains concentrated in parts of Sub-Saharan Africa, fragile and conflict-affected areas, and rural areas. After decades of progress, the pace of global poverty reduction began to slow by 2015, in tandem with subdued economic growth.
Haiti remains the poorest country in the Latin America and the Caribbean (LAC) region and among the poorest countries in the world. In 2023, Haiti had a GDP per capita of US$ 1694.1 and a GINI index of 41.1. Haiti's Human Development Index (HDI) value for 2022 is 0.552— which put the country in the Medium human development category ...
The exchange rate depreciated by 21.6 % in 2023 and inflation accelerated to 19.9 % on average in 2023 (up from 9.2% in 2022). GDP growth is expected to moderate to 6% in 2024 and to stabilize around 5.8% over 2025-26, driven by the mining sector. With the agriculture sector employing over 60% of DRC’s work force, the economy’s ...
Haiti remains the poorest country in the LAC region and among the poorest countries in the world. In 2021, Haiti had a GDP per capita of US$1,815, the lowest in the LAC region and less than a fifth of the LAC average of US$15,092. On the UN’s Human Development Index, Haiti ranked 170 out of 189 countries in 2020. Overview.
The current account deficit improved to 11.9% of GDP in 2023, driven by a lower trade balance and improvements in primary and secondary accounts, despite a 5.8% decline in remittances. Inflation decelerated rapidly to 4.6% in January 2024. Against this background, the base interest rate decreased from 17% in early 2023 to 3.75% by March 2024.
The World Bank also uses a societal poverty line (SPL) that reflects a more relative concept of poverty. With 2011 PPPs, the SPL is defined as $1.00 plus half the median level of consumption in a country, or the international poverty line if $1.00 plus half the median level of consumption is lower than the international poverty line.
The Central African Republic remains one of the poorest countries in the world and is grappling with numerous human capital challenges. The latest estimates, which date from 2020, show that roughly 71% of the population is living below the international poverty line ($1.90 per day, in terms of PPP).
The World Bank Group’s goals are to end extreme poverty and promote shared prosperity. This mission underpins our analytical, operational, and convening work in about 140 client countries. Dive into our country poverty assessments to learn more about countries' journeys to eradicate extreme poverty and reduce inequality.
Nepal's poverty rate fell due to migration and remittances, alongside consumption increases. The recent nationally household survey data from the Nepal Living Standard Survey 2022/23 shows a large decline in poverty from 25 percent to just 3.6 percent between 2011 and 2023 (using the 2011 National Poverty Line).